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MMTC in deep red

about 10 years ago

Since morning, BHEL continues to hold the number position amongst losers on the BSE and MMTC holds strongly to second place.

MMTC and STCIndia tank

about 7 years ago

Both the stocks, STC as well as MMTC have tanked - MMTC fell 16.4% to Rs.20.7 while STC dropped 19% to Rs.108.45.

MMTC frozen at lower circuit

about 14 years ago

Yesterday MMTC had hit a new 52-week low at Rs.191 and today, it has gone down further to Rs.190.35, a new low, down 10%, frozen on the lower circuit. As the market had suspected yeeterday, the Govt set the floor price for Offer For Sale (OFS) at Rs.60/share, which is at a huge discount to t ...

MMTC spreads bonus cheer

about 9 years ago

MMTC is the top gainer on the BSE, going up over 14.5% to Rs.59.20. Volumes are huge at around 10 lakh shares today morning compared to 2W average volume of less than 3 lakh.

MMTC shines bright

about 10 years ago

MMTC posted a fantastic set of numbers for the third quarter ended 31st Dec 2017. Except for the agro segment, all other segments did very well – fertilisers, precious metals, metals,

MMTC shines bright

about 11 years ago

MMTC seems to be shining bright today morning. The stock opened higher at Rs.43.40 and went on to Rs.44.95 and is currently around same levels, up almost 5%. Yesterday, its Board of Directors, at its meeting, approved the proposal for sale of 10% of Indian Commodity Exchange (ICEX) equ ...

MMTC disappoints and falls

about 9 years ago

There were a lot of expectations from the bonus issue of MMTC. The Board met yesterday and today the PSU announced that it would be giving a 1:2 bonus.

MMTC spikes on turnaround

about 11 years ago

MMTC is amongst the top gainers on the BSE, up currently 8% at Rs.45.50, with an intra day high at Rs.46.20. Its 52-week high and low stands at Rs.68.30 and Rs.38 respectively. Volumes are huge today, exceeding 4 lakh shares compared to two-week average of 1 lakh shares. The market is happy ...

MMTC shines bright amongst gainers

about 12 years ago

MMTC is amongst the top gainers on the BSE, the stock is up 6.5% at Rs.53.50 which is very close to its intra day high of Rs.54. Its 52-week high is at Rs.106.80. The stock is reacting to the news it announced yesterday evening – it has received orders for import of steam coal from Coa ...

MMTC frozen at lower circuit, again

about 13 years ago

MMTC continues to tumble. After being locked on the 5% lower circuit on Friday, the stock is once again locked on the lower circuit today also at Rs.47.25. Almost 72,000 pending buy orders remain on the counter. The stock has been hitting the lower circuit for two days consistently due to th ...

MMTC hits new low

about 14 years ago

MMTC continues to lose its shine, it hit a new 52-week low today at Rs.191 and though it has recovered from this low, it remains in the red – currently down almost 4%. The stock is down on news that the Empowered Group of Ministers (EGoM), headed by Finance Minister is scheduled to mee ...

PSU stocks are top gainers

about 11 years ago

All the top five gainers on the BSE are PSUs, led by MMTC (up over 15%), Hind Copper (up 12%), J&K Bank (up 6.5%), SAIL (up over 6%) and IFCI (up 5%). Other PSUs like GMDC, Neyvelli, REC, MTNL, SJVN and many banks are all up in the green. The S&P BSE PSU Index is up over 1%. Out of a tota ...

Metal stocks shine bright

about 10 years ago

Three amongst the top five gainers on the BSE are metal stocks. Currently, the top gainer is Vedanta, up hitting a new high today at Rs.225, followed by MMTC – up over 8% at Rs.51 levels and third gainer is Hind Zinc, which hit a new 52-week high today at Rs.275.90. Other metal stocks ...

Hind Copper in deep red

about 13 years ago

PSU Hindustan Copper has hit a 52-week new low at Rs.65 and though it has recovered from this, it remains deeply in the red, down over 4.5%. The stock has sunk, like MMTC did when the Govt announced divestment plans. Today, the Empowered Group of Ministers' (EGoM) are likely to meet and ...

Jewellery stocks dazzle

about 13 years ago

The top gainers currently on the bourses are Gitanjali Gems, up almost 13.5% at Rs.104, followed by Titan which is up over 9% at Rs.338 and even MMTC is up – over 6.5% at Rs.97.95. TBZ briefly breached the upper circuit at Rs.191.80, Thangamayil is up almost 20% at Rs.154, PC Jeweller ...

Metal stocks show some shine

about 11 years ago

Metal stocks are in the limelight today morning. MMTC is the top gainer, up over 14.5% at Rs.52.75 and this is followed by Hindustan Copper, up over 8% at Rs.67.60 and NMDC is just a little into the green, up less than 0.5% at Rs.117.80. Metals stock have surged following the Govt giving its ...

Metal stocks zoom up

about 9 years ago

The top five gainers on the BSE right since the opening bell today are metal stocks. Hindustan Copper is leading the pack, up 10% at Rs.78.20; Tata Steel hit a new 52-week high at Rs.174.65

PSU DIVESTMENT - GROWING APPETITE FOR PSUs

about 12 years ago

It was with much aplomb that the new Govt had announced, during the July 2014 Budget, a steep rise in its divestment target. As against Chidambaram's target of Rs.36,925 crore from stake sale in PSUs, Jaitley raised the target to Rs.43,425 crore and that too, within a span of eight months.

WILL OTHER PSUs ALSO BECOME 'RECs'?

about 12 years ago

Naturally, no one expected the Offer for Sale (OFS) of Rural Electrification Corporation (REC) to turn out into such an overwhelming success. For the past couple of years, it has been seen that PSU offers go abegging; even when stocks are issued to retail investors at a discount, there are no takers and it is LIC which always comes to the rescue. The same story was expected this time too but REC too everyone by surprise. The Rs.1500-crore issue was oversubscribed some 5.5 times. Apart from the overwhelming response from institutional investors, retail investors

WHY IS THE MARKET FALLING…ERR….RISING?

about 9 years ago

When a layman asks, “So why was the market up today?” one has to think and come up with a really good reason. China has become the de facto, all-round reason; it is like a one-size fits all kind of thing to explain down markets.

Silver stocks shine bright

about 9 months ago

Shares of select metal and mining companies moved sharply higher today as silver prices extended their rally to fresh record highs, boosting sentiment across producers and trading-linked names.